'Survival is the key word': Huawei exec says business will 'inevitably' be hit by new U.S. chip rules

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A new U.S. rule requires foreign manufacturers using American chipmaking gear to get a license before being allowed to sell semiconductors to Huawei.

, Huawei's main source of chips for products such as smartphones and its networking gear. In addition, Huawei will struggle to find an alternative to TSMC to make the chips it requires, putting billions of dollars of revenue at risk.

The U.S. is leveraging its own technological strengths to crush companies outside its own borders. This will only serve to undermine the trust international companies place in U.S. technology and supply chains."Our business will inevitably be impacted.

The executive said the company still hasn't figured out a potential solution to the chip export rule and declined to give any financial forecasts.In a media statement released Monday, Huawei said it "categorically opposes" the new U.S. rule. "The U.S. is leveraging its own technological strengths to crush companies outside its own borders. This will only serve to undermine the trust international companies place in US technology and supply chains. Ultimately, this will harm US interests," the statement read.

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Must Joe Kernen bring his right wing politics in on almost every subject. I want financial news. Over bearing!!

Huawei is the civilian arm of the Chinese military. They should be treated accordingly. Sometimes, the profit motive must take a back seat to national security.

Many of the WiFi Modems in PR, are what brand name again? 🇵🇷

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China asks United States to stop 'unreasonable suppression' of Huawei - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They should let us operate in China without the government buying a portion of the company! We need to have free trade that’ll benefit us all. Just let Huawei build the network. Chinese state hackers seem to be stealing all our intellectual property anyway. Huawei will win.
Source: BusinessInsider - 🏆 729. / 51 Read more »